57. Amendment of First Schedule to the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The First Schedule to the principal enactment is hereby amended as follows :—

Inland Revenue (Amendment)

(1)

in Part 1B of that Schedule, by the substitution for the words “any year of assessment”, of the words

“the year of assessment”;

(2)

by the insertion immediately after Part 1B of that

Schedule, of the following new Part :—

“PART 1C

For any year of assessment commencing on or after April 1, 2004

On the first Rs. 240,000 of the taxable income 10 per centum

On the next Rs. 240,000 of the taxable income 20 per centum

On the balance taxable income 30 per centum”.

(3)

in Part IIIA of that Schedule, by the substitution for the words and figures “for any year of assessment commencing on or after April 1, 2002-”, of the words and figures “for the year of assessment commencing on April 1, 2002 and for the immediately succeeding year of assessment-.”; and

(4)

by the addition immediately after Part IIIA of that

Schedule, of the following new Part :—

“PART IIIB

For any year of assessment commencing on or after April 1, 2004—

On the first Rs. 2,000,000

Nil

On the next Rs. 500,000 5 per centum

On the next Rs.500,000 10 per centum

On the balance 15 per centum”.

Inland Revenue (Amendment)

Read on from s 58